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20121202
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tax rates will revert to higher clinton-era leveles, a 2% payroll tax cut will expire, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or more. on friday boehner did not rule out a compromise on a tax hike for top earners, somewhere between today's 35% and of rate and the clinton-era's throan.6%. >> there are a lot of things that are possible to put the revenue the president seeks on the table. >> reporter: even if the two sides are making progress behind the scenes, no one expects them to admit it until the last minute. the office of management and budget has asked all federal agencies to produce detailed listes of possible cuts just in case there's no deal maurice. >> dubois: nancy cordes, thank you. one of the brightest spots in the u.s. economy is car sales. 1.1 million cars and trucks were sold last month, up 15% or last year. john blackstone reportes, while americans are spending more money on cars they're demanding vehicles vehicles that cost them less at the pump. >> reporter: this year's l.a. auto s
23 days before nhe deadline, when federal era le tax rates will revert to higher, clinton-era levels, a 2% ayroll tax cut will expire, and long-term unemployment benefits of dry up for over two million americans who have been out of work for six months or more. on friday, boehner did not rule hikea compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton-era's 39.6%. >> there are a lot of things ssat are possible to put the revenue the president seeks on the table. >> reporter: even if the two sides are making more progress behind the scenes, no one mit its them to admit it until of last minute. ederoffice of management and budget has asked all federal agencies to come up with a detailed list of possible cuts if there's no deal, maurice. >> dubois: nancy, thank you. t how is all this affecting the economy? the one sign we did see yesterday showed improvement. roe unemployment rate dipped to 7.7%, the lowest in four years. 146,000 jobs were created in spite of super storm sandy and the fiscal cliff threat. joining us now to talk more about that clif
Search Results 0 to 1 of about 2